First Trust Advisors LP trimmed its stake in SLM Corp (NASDAQ:SLM) by 34.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,219,611 shares of the credit services provider’s stock after selling 637,170 shares during the quarter. First Trust Advisors LP owned approximately 0.33% of SLM worth $8,769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in shares of SLM by 8.8% in the 1st quarter. Rhumbline Advisers now owns 1,127,834 shares of the credit services provider’s stock worth $8,109,000 after acquiring an additional 90,897 shares during the last quarter. Chicago Equity Partners LLC grew its holdings in shares of SLM by 23.2% during the first quarter. Chicago Equity Partners LLC now owns 209,444 shares of the credit services provider’s stock valued at $1,506,000 after buying an additional 39,385 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of SLM during the first quarter valued at $241,000. Origin Asset Management LLP purchased a new position in shares of SLM during the first quarter valued at $1,468,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of SLM during the first quarter valued at $844,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

Shares of NASDAQ:SLM opened at $7.26 on Friday. SLM Corp has a fifty-two week low of $5.60 and a fifty-two week high of $12.32. The business has a 50-day moving average of $7.29 and a two-hundred day moving average of $8.83. The stock has a market capitalization of $2.74 billion, a P/E ratio of 3.99, a P/E/G ratio of 0.34 and a beta of 1.47. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.26 and a quick ratio of 1.26.

SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, April 22nd. The credit services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.09). SLM had a return on equity of 29.22% and a net margin of 29.36%. The company had revenue of $400.12 million during the quarter, compared to analyst estimates of $400.70 million. During the same period in the prior year, the firm earned $0.34 EPS. As a group, research analysts expect that SLM Corp will post 1.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.12 annualized dividend and a dividend yield of 1.65%. SLM’s dividend payout ratio is presently 9.45%.

A number of research analysts have recently weighed in on SLM shares. Oppenheimer downgraded SLM from an “outperform” rating to a “hold” rating in a report on Thursday, January 23rd. Zacks Investment Research downgraded SLM from a “strong-buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Friday, April 24th. Credit Suisse Group restated a “buy” rating and issued a $12.00 target price on shares of SLM in a research note on Thursday, April 23rd. BidaskClub downgraded SLM from a “hold” rating to a “sell” rating in a research note on Friday, March 13th. Finally, Wedbush restated an “outperform” rating and issued a $13.00 target price on shares of SLM in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. SLM presently has a consensus rating of “Hold” and an average target price of $11.33.

SLM Company Profile

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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